New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-17
CLOSING PRICES or PHILApEGpH1A srooKs
THURSDAY, June 10, p. VI.

THURSDAY, June TO- p. VI.
For the investor in securities, who pays in full for
whatever he purchases the principal question OF interest
and the only he needs to consider is that Of
and prospective merit But so with the Spectator
who attempts to discount the future by buying selling
securities the deposit Of margins. With the latter
class OF dealers In securities the question Of merit fire.
queny secondary to that of the speculative situation
In tho past 1t not nrequently has happened In
uine bu" market that n few skful operators have
made money by shortng the market and In bear
market by bulling it, With such the question always
is Ia tho market overweghted Is 1t oversold On
their mental answer TO this question their trading is
based But single OF Judgment Of the Immediate
fluctuations OF prices frequently has cost than the
profits Of dozen previous turns But to the ordinary
SPECTATOR who his margin for profit
sure with his possible loss the prime question is, Is
the market sound is 1t rotten For four months this
column has conended that the speculative situation
was unusually sound; that, while trading dull,
there quiet and steady absorption and withdrawal
OF stocks from the Street. which I'm the aggregate reached
large proportons and that good securities held
as to be beyond the Influence OF ephemcra causes
Well the speculative situation OF the market this week
has been severely tested Although nothing has occurred
which ia not OF real benefit to the general commercial
community and to importation companies yet IT, as
some have claimed, stocks had been scattered around
In brokers' offices narrow margins the fears which
for two days were entertained OF monetary crisis
create one, could not have failed OF fruon In serious
temporary decline for stocks irrespective OF the question
OF merit. The result OF the fears and OF bearsh 4"
efforts toward depression have hardly exceeded the daily
fluctuations OF active speculation and the trans
actions In any day did not exceed ordinary days
business Is there need for further evidence of the
soundncss OF the Stock Exchange markets
To day the business again dull, and to what was
done Europe contributed largely buyer Two firms
alone purchased 100000 worth OF securities for
Europe. and II the bills drawn against such pur
chases which affected the foreign exchanges that the
rates for sterling within cent OF the gold I'm
porting point Aside from the prospective Improvement
promised by the collapse OF the coffee and wheat specula
tons, the opinion rendered by the Interstate Commits
sOncrs gives much satisfaction 10 security holders and
merchants. The market ali higher with the coal
properties aggard In the advance. Despite all denials
there is little reason 20 doubt that some develop
ments in the telegTaphlc world are about to be made
and Western Union strong at 7Si4. In the after.
room the board-room traders made impression on
prices but they rallied and closed strong at near the
highest Of the day
In State bonds North Carolina special taxes 10 West
Railroad sold 10. TO Chatham Kairoad at TO- and
mixed l5. aud Tennessee settlement Is sold ut n.
or city bank stocks, Mechanics sold (O0) nj ia and
Fourth National $50 at $50.
Government bonds quiet and firm Mt unchanged
quotations IA follows: